Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$527,454$527,454$553,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$26,046$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.342%7.640%
1st payment$3,532.66$3,532.66$3,832.32
2nd payment$0.00$195.35$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$250.66$250.66$110.70
HOA / mo$193.00$193.00$193.00
Total monthly$4,655.49$4,850.84$4,815.19
Cash to close$87,546$61,500$61,500